Deposit Solutions reaches $1.1bn valuation

September 19, 2019 | Open Banking
Written by FinTech Alliance
Deposit Solutions reaches $1.1bn valuation

Thanks to a recent investment, open banking startup Deposit Solutions has become a unicorn.

In Brief:

  • Deutsche Bank has invested €50mn for a 4.9% stake.

  • Deposit Solutions is a German startup offering software to bring retail clients and lenders together.

  • It’s now Germany’s second most valuable FinTech after N26.

What does this mean?

The company’s valuation has more than doubled in just 13 months. Deuutsche Bank has not only provided capital for the business but will also offer services – and it already offers the FinTech’s tool to its clients.

More in Open Banking

Revolut launches open banking feature
Open Banking
February 11, 2020

Revolut launches open banking feature

Revolut has announced the launch of open banking for all UK retail and business customers. In Bri...

SBI Holdings invests in US API firm
Open Banking
February 03, 2020

SBI Holdings invests in US API firm

Japan’s SBI Holdings has invested $20mn in OpenLegacy Technologies. In Brief: Open...

Lord Fink, Former CEO of the hedge fund Man Group joins Bud as Chairman

Posted By The Community

Open Banking
January 30, 2020

Lord Fink, Former CEO of the hedge fund Man Group joins Bud as Chairman

Lord Fink, the former Chief Executive of the Hedge Fund, Man Group has joined Bud as the Chair of th...

Written By: Bud

Open Banking
October 31, 2019

Open Banking - Challenging conventional liquidity assumptions and business strategies

Open Banking could have important implications for bank liquidity. Although the size, scale and timi...

Open Banking
October 31, 2019

The Brave New World of Open Banking

What banks can learn from 17th-century Dutch traders: Most market watchers now view Open Banking...

Open Banking
September 27, 2019

Beyond Open Banking Report

The data from the consumer survey clearly shows that there is a real opportunity for banks and finte...

There are no Events in this category